Man Group plc Announces Completion of Acquisition of Silvermine Capital Management LLC
20 January 2015
Commenting on the completion of the acquisition, Mark Jones, co-CEO of Man GLG, stated, “Silvermine enhances Man GLG’s existing credit business and provides increased expertise in the robust US credit markets, while benefitting from Man Group’s access to capital, global distribution platform and highly sophisticated infrastructure and framework. This transaction also strengthens Man Group’s commitment to expanding its US presence and complements an M&A strategy focused on identifying high-quality businesses that represent a strong strategic, structural and cultural fit.”
With the transaction now completed, Silvermine will be integrated into Man GLG, and will complement Man GLG’s existing credit business. Silvermine’s team will remain in place under the leadership of two of the firm’s founders, G. Steven Kalin and Richard F. Kurth, who will continue to work alongside the other co-founders Aaron Meyer and Jonathan Marks.
Silvermine is wholly-owned by the firm’s founders and senior staff members and is based in Stamford, Connecticut. The team of 17 focuses exclusively on managing US levered credit portfolios and, since inception in 2005, has executed 16 separate transactions totalling $6.7 billion.
Contact
Global Communications
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- Georgiana Brunner
- Man Group, Head of Communications
- Tel: +44 (0) 20 7144 1000
- Rebecca Hooper
- Man Group, Communications Director
- Tel: +44 20 7144 1103
Mobile: +44 7513 712636 - Neil Doyle
- FTI Consulting
- Tel: +44 (0) 7771 978 220
United States
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- Robin Pertusi
- Man Group, Senior Communications Manager, Americas
- Tel: +1 212 649 6859
- Prosek Partners – US
- Tel: +1 212 279 3115
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